BeiGene (BGNE) Expected to Post Quarterly Sales of $15.84 Million

Wall Street analysts expect BeiGene (NASDAQ:BGNE) to post sales of $15.84 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for BeiGene’s earnings, with the lowest sales estimate coming in at $15.00 million and the highest estimate coming in at $16.83 million. The business is scheduled to issue its next earnings report on Wednesday, May 9th.

On average, analysts expect that BeiGene will report full-year sales of $115.34 million for the current financial year, with estimates ranging from $69.37 million to $203.60 million. For the next fiscal year, analysts anticipate that the firm will post sales of $142.63 million per share, with estimates ranging from $73.10 million to $327.32 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow BeiGene.

BeiGene (NASDAQ:BGNE) last announced its earnings results on Wednesday, February 28th. The company reported ($2.19) EPS for the quarter, missing the consensus estimate of ($1.79) by ($0.40). The business had revenue of $18.17 million for the quarter, compared to analysts’ expectations of $23.00 million.

Several brokerages have recently weighed in on BGNE. Maxim Group set a $120.00 price target on shares of BeiGene and gave the stock a “buy” rating in a research note on Monday, January 22nd. ValuEngine raised shares of BeiGene from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Piper Jaffray began coverage on shares of BeiGene in a research note on Friday, April 13th. They set an “overweight” rating and a $200.00 price target for the company. BidaskClub raised shares of BeiGene from a “hold” rating to a “buy” rating in a research note on Friday, January 5th. Finally, Zacks Investment Research raised shares of BeiGene from a “sell” rating to a “hold” rating in a research note on Tuesday, January 30th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $158.71.

In related news, EVP Ji Li sold 10,000 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $146.88, for a total value of $1,468,800.00. Following the completion of the transaction, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at $1,468,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Howard Liang sold 40,000 shares of the firm’s stock in a transaction on Monday, March 19th. The shares were sold at an average price of $160.27, for a total transaction of $6,410,800.00. Following the completion of the transaction, the chief financial officer now directly owns 15,872 shares of the company’s stock, valued at $2,543,805.44. The disclosure for this sale can be found here. Insiders sold 194,210 shares of company stock valued at $29,041,676 over the last three months. 19.90% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC bought a new position in shares of BeiGene in the fourth quarter valued at $182,000. Comerica Bank bought a new position in shares of BeiGene in the fourth quarter valued at $246,000. Mackenzie Financial Corp bought a new position in shares of BeiGene in the fourth quarter valued at $250,000. Jefferies Group LLC bought a new position in shares of BeiGene in the fourth quarter valued at $283,000. Finally, Virtus Fund Advisers LLC bought a new position in shares of BeiGene in the fourth quarter valued at $365,000. 51.47% of the stock is owned by institutional investors and hedge funds.

Shares of BGNE opened at $167.99 on Friday. The company has a market cap of $9,059.45, a PE ratio of -75.33 and a beta of 0.23. BeiGene has a twelve month low of $34.36 and a twelve month high of $182.79. The company has a debt-to-equity ratio of 0.23, a current ratio of 6.09 and a quick ratio of 6.02.

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BeiGene Company Profile

BeiGene, Ltd., a clinical-stage biopharmaceutical company, develops and commercializes molecularly-targeted and immuno-oncology drugs for the treatment of cancer. Its commercial products include ABRAXANE, a solvent-free chemotherapy product for the treatment of breast, non-small cell lung, pancreatic, and gastric cancer; REVLIMID, an oral immunomodulatory drug for the treatment of multiple myeloma in combination with dexamethasone; and VIDAZA, a pyrimidine nucleoside analog for the treatment of intermediate-2 and high-risk myelodysplastic syndromes, chronic myelomonocyte leukemia, and acute myeloid leukemia with 20% to 30% blasts and multi-lineage dysplasia.

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Earnings History and Estimates for BeiGene (NASDAQ:BGNE)

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